Loans from the EIB credit line are granted on preferential terms under two formulas: Global Loan and Loan for SMEs. Loans under Global loan are assigned particularly to local and regional governments: municipalities, counties and voivodships as well as their associations for the co-financing projects supporting local and regional development, particularly within the following areas of activity:
- Development of a Knowledge-Based Economy
- The improvement of Economic and Social Cohesion in Convergence Regions
The loan from EIB line may cover up to 50 % of the project costs (50% of the total financing granted by BGK as to Loan for SMEs). In case of projects supported by the EU funds, EIB loan, EU funds and EC grants together can finance up to 90% of total project cost (100% as to Loan for SMEs). The minimum project cost should be over the equivalent of EUR 40,000, not exceeding EUR 25 mln. The loan is granted in Polish zloty for the period of time between 4 and 15 years (2 and 10 years as to Loans for SMEs), and the possible maximum grace period shall not exceed 5 years (3 years as to Loans for SMEs).